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Statoil taps SBM, others for Castberg

SBM Offshore has been awarded a contract for the delivery of a turret mooring system for Statoil's US$5.9 billion Johan Castberg floating production, storage and offloading (FPSO) vessel.

The Norwegian Barents Sea project will tap an estimated 450-650 MMboe recoverable resources across three oil discoveries (Skrugard, Havis and Drivis, in PL 532) via the FPSO and 30 subsea wells, from 10 subsea templates and two satellite structures.

First oil is scheduled for 2022, and the field, some 100km north of the Snøhvit field, in 360-390m water depth, is expected to produce for more than 30 years.

Amsterdam-headquartered SBM Offshore's contract is an exercise of an option in connection with the conclusion of a FEED contract with the same company. The turret is planned to be delivered in modules in early 2020, will be moored in ca.370m water depth and will have a capacity to accommodate 21 risers.

Aker Solutions won the contracts for the Johan Castberg subsea system, and engineering and procurement management on the project, worth a total $480 million (NOK4 billion). The work scope includes detailed design engineering of the living quarters and technical specifications for the equipment and supplies required for Sembcorp to construct the accommodation unit for the Statoil-operated development.

Last month, Statoil is signed a letter of intent with Sembcorp Marine Rigs & Floaters in Singapore for the construction of the hull and integrated living quarters for the floating production, storage and offloading (FPSO) vessel for Johan Castberg.

Statoil delivered the plan for development and operation (PDO) for Johan Castberg to Norwegian authorities earlier this week. All contracts are subject to final approval of the PDO.